Hi every one.
As promised, I'm keeping you updated on my investment trough the L7.trade plateform . This plafetorm is an arbitrage trading plateform. With it you can buy a coin on an exchange and sell it athe the same tim at a better price on another exchange.
As know arbitrage is still possible in the crypto space because crypto is in it's infancy and beacuse there are many echanges with differents prices at the same. Thes opportunities will surely disappear as the market mature. I am trying to profit the most of it as it exists.
Here are the arbitrage possible yesterday on L7 trade (exemple as the price moves every sec) : you can see that the average profit on the XLM trades on L7.trade was at that time about 1,07%.
What is L7. trade ?
It's an arbitrage plateform. As you the prices of crypto assets might be different from on exchange to another. With this plateform you can buy low on one exchange and immediatly sell higher on another plateform (it's more complex than that but basically it is that). It's a risk free arbitrage.
How much can I make?
The arbitrage opportunities are around 5% but the plateform uses a lot of intermediary to achieve the arbitrage so there are fees involve and in the end I think I will make between 1 and 2% per arbitrage. Assuming I can do it 3 times a day that's an average of 5% a day !
What is the minimum to trade ?
That's why i choose to convert my BTC in XLM : the mimum are very high in BTC or LTC but starts at 20 XLM (around 2$) plus XLM has no fees so it's easier to arbitrate.
When my bankroll will increase I will also arbitrage other crypto (BTC, ETH and LTC I think), as I have the impression the arbitrage opportunities are bigger on these coins.
I earned on the last 2 days (sorry no update yestderay) 2,24 XLM (around 2000 satoshis) in 6 risk free trades. Right in line with the 3% daily target.
I am going to add tomorrow 10 additionals XLM from my faucet gains to increase my L7.trade wallet to 50 XLM. So my daily gains from this strategy should reach 1500 satoshis.
I explain here the process, step by step : https://www.publish0x.com/from-0-to-1-bitcoin-challenge/0-1-bitcoin-challenge-first-investments-how-i-plan-reach-2-d-xdnevr
As you can see the compouding effect of the daily interest starts to be spectacular : I achieved since the 7th of july 28% growth. With this kign of growth I will double my capital in 3 weeks. More on that here : https://www.publish0x.com/from-0-to-1-bitcoin-challenge/day-10-0-1-btc-update-my-arbitrage-strategy-xyypge
I will continue to execute de daily risk free arbitrage. The only things have to do is to check many times a day the site for arbitrage opportunity and execute them. It takes 30 secondes and persistance !
Here how i did my first abitrage, step by step : https://www.publish0x.com/from-0-to-1-bitcoin-challenge/day-6-0-1-btc-my-first-arbitrage-trade-14-risk-free-3-hours-xlypme
If you want to give a try please use my referal link : https://l7.trade/?r=201174635 it will help me a lot to reach my goal !
Have a good day
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